Undergraduate course at EPGE welcomes David Gibbs

Date of the event: 04/30/2013 - 14:00

On April 30th, FGV/EPGE – Brazilian School of Economics and Finance, in cooperation with Internships and Professional Placement Department of FGV, welcomed the Director of Product Marketing of CME Group, David Gibbs, for a lecture on “Futures Markets, CME Group, and the New World”. With headquarters in Chicago, CME is actively present in several continents. Gibbs explained how the company performs the intermediation between buyers and sellers of agricultural commodities, metals, energy and other products through the following Stock Exchange: Chicago Mercantile Exchange (CME), New York Mercantile Exchange (NYMEX), Chicago Board of Trade (CBOT), and Commodities Exchange (COMEX).

Gibbs described the evolution of the futures exchange and the creation process of the CME Group, reviewing the crisis and difficulty periods until nowadays, when media technology allows any and every one access to whatever they need, wherever they are. He emphasized that CME neither creates nor controls prices, but only broadcasts information in a faithful way and in real time in order to allow negotiations.

The audience was very attentive and interested and in his answers to their questions, Gibbs emphasized the fragility of the North-American market. Finally, he did a brief assessment of the Brazilian system of control and regulation at BM&FBOVESPA.

Check this and others news at EPGE Portal.